I Invest in Property Optons which are far less volitile than pork bellies etc. If you have the right research tools and historicals and put in the time, then you can do exceptionally well in general commodities. Maintain a good exit strategy also.

Risk is a matter of how you use options and the education that is associated with the trader. It would be risky for me to fly a plane since I am uneducated, have no experience flying and no license. However, my neighbor is a commercial pilot and for him to fly a plane is much less risky. There is some risk but it is identifiable and much reduced.

I use equity options on individual stocks to hedge my portfolio both retirement and taxable. Many of my co-workers lost 40-50% of their retirement accounts with "professional" advisors. I was down 18%. The more I am learning, the more experience I gain, the better my results are getting.